Equities Analysts Offer Predictions for AppLovin Q3 Earnings

AppLovin Co. (NASDAQ:APP) – Analysts at Wedbush issued their Q3 2024 EPS estimates for AppLovin in a research note issued to investors on Monday, November 4th. Wedbush analyst M. Pachter expects that the company will post earnings of $0.92 per share for the quarter. Wedbush has a “Strong-Buy” rating on the stock. The consensus estimate for AppLovin’s current full-year earnings is $3.47 per share. Wedbush also issued estimates for AppLovin’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.44 EPS, Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $3.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.06 EPS, Q3 2026 earnings at $1.08 EPS and FY2026 earnings at $4.31 EPS.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. AppLovin had a return on equity of 84.16% and a net margin of 20.89%. The business’s quarterly revenue was up 44.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share.

A number of other equities analysts have also commented on the stock. BTIG Research lifted their price target on shares of AppLovin from $150.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on AppLovin from $57.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Bank of America upped their target price on shares of AppLovin from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group lowered shares of AppLovin from a “buy” rating to a “neutral” rating and upped their price objective for the company from $103.00 to $150.00 in a research report on Monday, October 14th. Finally, Loop Capital started coverage on AppLovin in a research report on Tuesday, October 22nd. They set a “buy” rating and a $181.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $136.78.

AppLovin Stock Up 2.0 %

Shares of APP stock opened at $168.55 on Wednesday. The stock’s 50 day simple moving average is $130.62 and its 200 day simple moving average is $98.02. AppLovin has a twelve month low of $35.79 and a twelve month high of $176.99. The company has a debt-to-equity ratio of 4.27, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $56.34 billion, a price-to-earnings ratio of 71.72, a PEG ratio of 2.36 and a beta of 1.86.

Insider Buying and Selling at AppLovin

In related news, Director Dawson Alyssa Harvey sold 1,500 shares of AppLovin stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $87.90, for a total transaction of $131,850.00. Following the completion of the transaction, the director now directly owns 10,247 shares of the company’s stock, valued at $900,711.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Dawson Alyssa Harvey sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.90, for a total transaction of $131,850.00. Following the completion of the sale, the director now directly owns 10,247 shares of the company’s stock, valued at $900,711.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Victoria Valenzuela sold 14,166 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $89.98, for a total value of $1,274,656.68. Following the completion of the transaction, the insider now directly owns 352,616 shares in the company, valued at approximately $31,728,387.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 610,094 shares of company stock worth $51,022,478 over the last three months. Company insiders own 14.69% of the company’s stock.

Institutional Investors Weigh In On AppLovin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of AppLovin during the third quarter worth $25,000. DT Investment Partners LLC bought a new stake in AppLovin during the 3rd quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new position in AppLovin during the 3rd quarter valued at about $29,000. Quest Partners LLC bought a new position in shares of AppLovin in the 2nd quarter valued at about $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of AppLovin during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.